Citigroup: A Republican sweep in the US election would be the most favorable outcome for the crypto market

Odaily News Citigroup said in a research note on Wednesday that a sweeping Republican victory in the upcoming U.S. election would be the most favorable outcome for Coinbase and the broader crypto market, while a Harris win and a split Congress could lead to greater uncertainty in the digital asset industry. "The Trump/Vance camp has publicly supported digital asset reform, and Republican control of the Senate is critical to passing bills such as FIT21 and confirming institutional leaders who support crypto," the team led by analyst Peter Christiansen wrote, adding that "the pace of digital asset reform could accelerate if both houses of Congress are in agreement." (CoinDesk)